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February 2020

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News Updates

HOME SALES PROFITS FELL BELOW 45 PERCENT FOR FIRST TIME IN FIVE YEARS

Typical home generated a 44.1 percent return on investment in first quarter; National median sales price stayed level quarter-over-quarter at $360,000 ATTOM, the leading provider of property data, AI-powered analytics, and real estate intelligence solutions, released...

Housing Market Shifts as Homebuyers Upsize to Forever Homes

Most first-time buyers say they plan to skip a starter home Americans now expect to be 40 when they buy their first home Majority of prospective buyers waiting for rates to fall further More than 7 in 10 to use AI on path to home ownership According to the latest BMO...

U.S. Homeowners Are Remodeling Instead of Relocating

About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey More than two in five (43%) Americans renovated their home in the last year, and another 33% plan to renovate in...

New Realtor.com® Report: Renting is More Affordable than Buying Across All 50 Major U.S. Metros — and the Savings Gap Could Be A Path to Homeownership

The monthly savings from renting over buying shrinks by $136 year-over-year, even as national median rent hits its 32nd consecutive month of decline Homeownership remains the goal for many Americans, and right now, the rental market is quietly making that dream more...

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